iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,531 Blog Posts

THE PEOPLE WANT EQUITIES

Oil reversed yesterday’s gains, sending my airline stock, AAL, through the roof. After all, they are only netting close to a billion dollars per quarter in an environment of cheap fuel and rich consumer.

“The market is supposed to go down,” said the bear. The people disagree.

The people want stocks. They buy it in their sleep. They dream of it and plan for the occasion. They build vacations around buying stocks and make sure to get in before the markets gets going again.

There isn’t going to be a giant event, one that shatters the life-force of the retail hack. Prepare for more of the same, gritty, drawn-out, range bound hell of hells, then breakout to the upside when no one expects it.

The only way to avoid the pitfalls of hades is to be long, strong, and determined to see it all through.

If you enjoy the content at iBankCoin, please follow us on Twitter

18 comments

  1. speerothekid

    this post was about 2 minutes too early apparently

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. berniecornfeld

    Your timing is incredible

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. it is showtime

    Manipulators wanted a “follow through up day” (extra-motivational speaker)

    It kept dropping (extra sad elmo)

    And then something else happened. Aw

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Dr. Fly

    The market was barely down and oil stocks were off by 1%, following a monster move.

    We go higher.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • berniecornfeld

      I know nothing….but I cast your mind back to 2014 and the 4 horsemen of your apocalypse….just sayin’

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  5. frog2

    I feel fucking sick

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. og

    Really shouldn’t have covered my SHAK short yesterday.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. zuul

    What the psychos of Greece suggest next is all that matters. Draghi just said “Leave if you want, but you’re on the clock.”

    I’m long Europe through S&P Europe 350 and short US. I hate that it has come to this.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • it is showtime

      This is people vs. oligarchs

      If you’re an oligarch, well good for you, I’m a people

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  8. k_melancon

    Aside from Greek stocks, I don’t see this doing much to the markets tomorrow – Europe may suck, but we knew that already

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. the shiek

    VIX below 16 only two days this year…Dark clouds on the horizon?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. gappingandyapping
    gappingandyapping

    $EPV as Europe goes crater soon

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. smartestone

    greece ruins the day again

    • 0
    • 0
    • 0 Deem this to be "Fake News"